FCT prices S$80 million green notes due 2032 at 3.3%
They will pay interest semi-annually
FRASERS Centrepoint Trust (FCT) is offering S$80 million in fixed-rate green notes due 2032 at 3.3 per cent, its manager said on Monday (Feb 24).
They will be issued on Mar 3 under the real estate investment trust’s S$3 billion multicurrency debt issuance programme. The notes, part of Series 002, will be issued in bearer form and in denominations of S$250,000 each.
The notes will pay interest semi-annually. They will mature on Mar 3, 2032.
Net proceeds from the issuance will be used to finance or refinance FCT’s eligible sustainable projects. UOB is the sole lead manager for the Series 002 notes.
Units of FCT closed up 0.48 per cent or S$0.01 at S$2.08 on Monday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Inside Singapore’s government team that kills its own products
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Cliff Tan has 7 million followers and a 4-month waitlist. Why won’t he expand his business?
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
